Bank of America 2008 Annual Report Download - page 103

Table III Outstanding Loans and Leases
(Dollars in millions)
December 31
2008 2007 2006 2005 2004
Consumer
Residential mortgage $247,999 $274,949 $241,181 $182,596 $178,079
Home equity 152,547 114,820 87,893 70,229 57,439
Discontinued real estate
(1)
19,981 n/a n/a n/a n/a
Credit card – domestic 64,128 65,774 61,195 58,548 51,726
Credit card – foreign 17,146 14,950 10,999 – –
Direct/Indirect consumer
(2)
83,436 76,538 59,206 37,265 33,113
Other consumer
(3)
3,442 4,170 5,231 6,819 7,526
Total consumer 588,679 551,201 465,705 355,457 327,883
Commercial
Commercial – domestic
(4)
219,233 208,297 161,982 140,533 122,095
Commercial real estate
(5)
64,701 61,298 36,258 35,766 32,319
Commercial lease financing 22,400 22,582 21,864 20,705 21,115
Commercial – foreign 31,020 28,376 20,681 21,330 18,401
Total commercial loans 337,354 320,553 240,785 218,334 193,930
Commercial loans measured at fair value
(6)
5,413 4,590 n/a n/a n/a
Total commercial 342,767 325,143 240,785 218,334 193,930
Total loans and leases $931,446 $876,344 $706,490 $573,791 $521,813
(1) At December 31, 2008, includes $18.2 billion of pay option loans and $1.8 billion of subprime loans obtained as part of the acquisition of Countrywide. The Corporation no longer originates these products.
(2) Includes foreign consumer loans of $1.8 billion, $3.4 billion, $3.9 billion, $48 million, and $57 million at December 31, 2008, 2007, 2006, 2005, and 2004, respectively.
(3) Includes consumer finance loans of $2.6 billion, $3.0 billion, $2.8 billion, $2.8 billion, and $3.4 billion at December 31, 2008, 2007, 2006, 2005, and 2004, respectively; other foreign consumer loans of $618
million, $829 million, $2.3 billion, $3.8 billion, and $3.5 billion at December 31, 2008, 2007, 2006, 2005, and 2004, respectively; and consumer lease financing of $481 million at December 31, 2004.
(4) Includes small business commercial – domestic loans, primarily card related, of $19.1 billion, $19.3 billion, $15.2 billion, $7.2 billion and $5.4 billion at December 31, 2008, 2007, 2006, 2005 and 2004,
respectively.
(5) Includes domestic commercial real estate loans of $63.7 billion, $60.2 billion, $35.7 billion, $35.2 billion, and $31.9 billion at December 31, 2008, 2007, 2006, 2005, and 2004, respectively; and foreign
commercial real estate loans of $979 million, $1.1 billion, $578 million, $585 million, and $440 million at December 31, 2008, 2007, 2006, 2005, and 2004, respectively.
(6) Certain commercial loans are measured at fair value in accordance with SFAS 159 and include commercial – domestic loans of $3.5 billion and $3.5 billion, commercial – foreign loans of $1.7 billion and $790 million,
and commercial real estate loans of $203 million and $304 million at December 31, 2008 and 2007. See Note 19 – Fair Value Disclosures to the Consolidated Financial Statements for additional discussion of fair
value for certain financial instruments.
n/a = not applicable
Bank of America 2008 101